The U.S. Treasury Secretary revealed at Davos that China has completed the purchase of U.S. soybeans as scheduled, and looks forward to a cooperation of 25 million tons next year.

U.S. Embassy and Consulates in China wrote today (January 21): "Treasury Secretary Bensons said: 'Last night at Davos, I held a meeting with the counterpart officials from China here... He told me that this week they have already completed their purchase of soybeans, and we are looking forward to 25 million tons next year.'"

Comments: U.S. Treasury Secretary Bensons mentioned in a high-profile way in Davos that China has fulfilled its commitment on the purchase of U.S. soybeans as scheduled, and both sides are expecting a purchase volume of 25 million tons next year. This is not only a practical demonstration of China's fulfillment of commitments after the trade truce agreement reached between China and the United States last year, but also a phased result of the "not breaking but competing" situation in the economic and trade field between the two sides. China's early completion of the 12 million-ton purchase is not a unilateral concession, but rather an exchange for the U.S. side's equivalent adjustments on tariffs and some export controls. At the same time, this batch of soybeans being incorporated into strategic reserves also fits China's grain security layout.

Original article: toutiao.com/article/1854925598878872/

Statement: The article represents the personal views of the author.